If the forward rate for the British pound indicates that it is selling at a discount relative to the spot rate, foreign exchange brokers expect:
A) a decrease in the demand for British pounds.
B) no change in the demand for British pounds.
C) the British pound to weaken against the U.S. dollar.
D) the British pound to strengthen against the U.S. dollar.
E) None of the above is correct.
Correct Answer:
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